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7 pts

Opinion on  NOVA Chemicals Corp. (NCX)     Sector: Basic Materials  >  Industry: Chemicals - Plastics & Rubber
Bullish on NCX ...

Mar 05, 2009 11:31 AM GMT
Foto
Return Risk
-24.55% HIGH
Principal

NOVA Chemicals Corporation, together with its subsidiaries, engages in the production and marketing of plastics and chemicals. It operates in three business units: Olefins/Polyolefins, Performance Styrenics, and INEOS NOVA. The Olefins/Polyolefins unit produces and markets ethylene, polyethylene, and higher-value polyethylene products, as well as various chemical and energy products. The Performance Styrenics unit produces and markets expandable polystyrene and styrenic performance polymer products. The INEOS NOVA unit produces and markets styrene monomer and solid polystyrene. The companyÂ’s products are used in various applications, including rigid and flexible packaging, containers, plastic bags, plastic pipe, consumer electronics, building and construction materials, automotive components, housewares, and other industrial and consumer goods. NOVA Chemicals markets its products through its sales force, as well as through distributors, agents, and traders primarily in Canada, the United States, and Europe. The company was founded in 1954 and is based in Calgary, Canada. Nova Chemicals Corp. (NYSE:NCX) operates independently of TransCanada PipeLines Limited as of July 6, 1998.


NCX:  This call was made on 03/05/09 @ $5.58
Rating:   Positive   $5.58 (03/05/09)
Gain/Loss:   n/a in 251 days


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